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This property looks like a bad Long-Term investment with a projected -10.47% first-year return on $103k initial cash invested.
-10.47%
Cash On Cash
4.41%
Cap Rate
0.7
DSCR
$2,667
Rent
-$897
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,667 income − $3,564 expenses = $897 out of pocket
Investment Breakdown
|
Purchase Price
$490k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$103k
Downpayment
20%
$97,900
Closing costs
1%
$4,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,667
Total Expenses
$3,564
Mortgage P&I
96%
$2,563
Property Taxes
5%
$133
Home Insurance
7%
$175
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0